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Analysis Documentation

Recording how a risk analysis was performed, including the assumptions, data sources, methods, and reasoning behind each estimate, so the conclusions can be understood, defended, and revisited later.

Risk estimates often rely on judgment, so documenting the basis makes them transparent and repeatable rather than opaque guesses. It supports calibration, lets others challenge assumptions, and makes the analysis reusable when conditions change.

Introduced in: Risk Management Fundamentals

Examples

  • Noting the data and assumptions behind a likelihood estimate for a given risk.
  • Documenting which methodology, such as FAIR, was used and why.
  • Recording the ranges fed into a Monte Carlo simulation.

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